MESSAGES

Tata Sons%u2019 board may induct new faces as two directors near end of term The board of Tata Sons is set for a refresh in the next 15 months as two directors retire to make way for new members, the Mint reported. Bhaskar Bhat and Ralf Speth, who joined the board in 2017 and 2016, respectively, will reach Tata Sons%u2019 mandatory retirement age of 70 over this year and next. Last month, Tata Sons%u2019 10-member board, chaired by Natarajan Chandrasekaran, gave a third three-year term to independent director Harish Manwani, a former chief operating officer of Unilever Plc. Why it%u2019s important: The development will take place at a time when the holding company of the Tata Group is aiming to become free of debt and avoid a public listing.